Mitsubishi UFJ Asset Management Co. Ltd. Acquires New Stake in Valmont Industries, Inc. $VMI

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Valmont Industries, Inc. (NYSE:VMI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,278 shares of the industrial products company’s stock, valued at approximately $738,000.

Other large investors have also recently added to or reduced their stakes in the company. Elyxium Wealth LLC bought a new stake in shares of Valmont Industries in the fourth quarter valued at about $27,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Valmont Industries during the fourth quarter worth about $27,000. Elevation Wealth Partners LLC grew its holdings in shares of Valmont Industries by 179.2% during the second quarter. Elevation Wealth Partners LLC now owns 67 shares of the industrial products company’s stock worth $39,000 after buying an additional 43 shares in the last quarter. Leonteq Securities AG acquired a new stake in Valmont Industries in the 4th quarter valued at approximately $30,000. Finally, State of Wyoming acquired a new stake in Valmont Industries in the 4th quarter valued at approximately $34,000. Institutional investors own 87.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on Valmont Industries from $600.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Stifel Nicolaus boosted their price objective on shares of Valmont Industries from $645.00 to $678.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Weiss Ratings cut shares of Valmont Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, August 14th. Oppenheimer set a $600.00 target price on shares of Valmont Industries and gave the stock an “outperform” rating in a report on Thursday, May 28th. Finally, Zacks Research downgraded shares of Valmont Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Valmont Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $587.00.

Valmont Industries Stock Performance

Shares of NYSE VMI opened at $486.94 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.55 and a current ratio of 2.35. The stock has a 50 day moving average price of $524.20 and a 200 day moving average price of $485.67. The stock has a market capitalization of $9.40 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 1.11 and a beta of 1.35. Valmont Industries, Inc. has a 52 week low of $360.41 and a 52 week high of $585.71.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Tuesday, July 21st. The industrial products company reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.80 by $0.34. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. Valmont Industries had a return on equity of 25.57% and a net margin of 11.70%.The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.88 EPS. Analysts predict that Valmont Industries, Inc. will post 23.08 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, September 25th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, September 25th. Valmont Industries’s dividend payout ratio is 11.99%.

Insider Buying and Selling at Valmont Industries

In other news, CFO John L. Schwietz purchased 208 shares of the business’s stock in a transaction on Thursday, July 23rd. The stock was purchased at an average price of $486.14 per share, for a total transaction of $101,117.12. Following the completion of the purchase, the chief financial officer directly owned 2,992 shares in the company, valued at $1,454,530.88. The trade was a 7.47% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Theodor Werner Freye sold 800 shares of Valmont Industries stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $495.00, for a total transaction of $396,000.00. Following the completion of the transaction, the director directly owned 2,805 shares of the company’s stock, valued at approximately $1,388,475. This trade represents a 22.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.42% of the company’s stock.

Valmont Industries Company Profile

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.